Australian Unity Office Fund (AOF)

1H21 Results: A Valentine in waiting

AOF reported half year results for the 6 months ended 31 December 2020. Some of the key highlights include:
  • FFO of 9.2 cpu, slightly down from the 9.4 cpu in 1H20 with strong rent collections of 98.4% (up from 92% at the June 2020 quarter).
  • Occupancy levels increased to 95.3% (from 93.7%).
  • AOF has provided guidance for FY21 distributions of 15.0 cpu, in line with FY20, delivering an FY21 yield of ~6.8%.
  • A strategic review is underway, which may also provide a catalyst for a re-rating.
Download our report for the full details.